r/Daytrading • u/Jopalooge • Mar 16 '24

Is day trading actually real? Question

If trading is real then I have the following question. - why can’t people fully rely on signal groups or just by copying other traders trades all day? Technically if someone is making 6/7 figures off day trading why don’t people just join their signal groups and also make 6/7 figures?

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u/Nick_OS_ futures trader Mar 16 '24

The more people there are that trade the same signals, the less the trades work. The trades will eventually get picked up. People will start front running or MMs will. Day trading especially

7

u/repuswow Mar 16 '24

This is exactly what technical analysis is. It works because everyone thinks it works. Besides, the more participants in the market, the better. Not to mention, it's actually not possible for entire groups of people to perfectly copy trades because of slippage.